Tagged: binance

Binance is Coming: Formidable Asia-Founded Crypto Exchange Will Begin Registering Traders on Compliant US Exchange Next Week

Binance, believed to be one of the world’s largest crypto trading platforms, will begin registering users wanting to trade select “crypto assets” on the company’s “Binance.US” platform next Wednesday. “Binance.US will open account registration and begin accepting deposits of BTC, ETH, XRP, BCH, LTC, and USDT… Read More

Report: Coinbase Processing Majority of Public-Facing USD-to-Tether Trades, Binance Hosting Most Public BTC-to-Tether Action

America and Asia’s two largest public-facing crypto trading platforms, Coinbase and Binance, also bear the most exposure to Tethers, a synthetic form of USDs introduced into crypto trading markets to give liquidity. This is the conclusion of CoinMetrics, a blockchain data analysis firm, which recently… Read More

Binance, World’s Largest Crypto Trading Platform, Acquires JEX Derivatives Exchange

Binance, a platform reportedly handling 55% of the world’s crypto trading traffic, has acquired a crypto derivatives platform called JEX, Binance has announced: “JEX will join the Binance ecosystem as Binance JEX and focus on further building the cryptoasset derivatives market, providing Binance users with professional… Read More

Outage at Amazon Web Services as Bitcoins to Trade for Less Than $1

A problem with Amazon Web Services caused, “some 500 error messages on APIs and affecting some withdrawal processing,” at Binance, the exchange’s CEO claimed on Twitter Friday. Amazon Web Services (AWS)  is a cloud-computing platform and subsidiary of Amazon. Individuals, companies and governments use the… Read More

Binance Announces New Open Blockchain Project “Venus”

Cryptocurrency exchange Binance announced on Monday its new open blockchain project, called Venus. According to Binance, Venus is described as an initiative to develop localize stablecoins and digital assets pegged to fiat currencies across the globe. “Binance is looking to create new alliances and partnerships… Read More

Chipmixer “Bitcoin Tumbler” Used to Launder Funds Stolen in $80 Million USD Hack on Binance

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

Hacker Attempts to Extort Binance, World’s Largest Crypto Exchange

A hacker has started leaking KYC (know your customer) data he or she claims is from Binance, the world’s largest crypto exchange by volume. The data, which includes photos of passports and other IDs, is now being circulated on a Telegram channel with 10 000 users that… Read More

Hackers Sell Bitcoins Stolen from Binance…on Binance

Binance, a major cryptocurrency exchange that suffered a $44 million USD hack in May, recently processed some of the Bitcoins stolen from it on behalf of the hackers, digital currency Regtech firm Coinfirm reports. According to data Coinfirm furnished to Coindesk, hackers have been moving… Read More

Are You Still HODLing? “CZ Binance” Says Bitcoin Volatility Likely to Increase as More Exchanges Add Margin Trading

Bitcoin’s recent rollercoaster ride, involving multiple thousand-dollar fluctuations between $9000 and $14 000 USD within very short time frames (sometimes less than 2 hours) is being brought about by an increase in leverage available at exchanges, “CZ Binance” told Bloomberg recently. Changpeng Zhao or “CZ”… Read More

Binance Announces Completion of 8th Quarterly BNB Burn

Binance, the world’s largest cryptocurrency exchange by volume, announced on Thursday it has completed the eight quarterly “burn” of Binance coin (BNB) tokens. In a blog post, the Binance team revealed they will give up all of their BNB allocations and contribute them towards their… Read More

Hackers Move $8 Million USD in Bitcoins Stolen From Binance Trading Platform

Hackers moved more than $8 million USD in Bitcoins July 8th from digital wallets they’d been sitting in since the Malta-registered crypto trading platform Binance, one of the world’s largest, was hacked for more than 7000 Bitcoins in May, Hard Fork reports. At the time… Read More

Digital Asset Trust Company Paxos Partners with Binance on “Deposit Gateway”

Paxos, a trust company regulated by the New York State Department of Financial Services, has partnered with Binance, the world’s largest crypto exchange, to integrate a new deposit gateway. According to Paxos, the portal will allow traders to exchange fiat directly for PAX on the… Read More

Binance Blocks US Customers, Opens Dedicated US Trading Platform

One day after announcing the creation of a dedicated cryptocurrency trading platform for US customers, Binance, the world’s largest cryptocurrency exchange by volume, has modified its terms of service to exclude “any U.S. person.” The change comes under the subheading “Prohibition of Use” in the… Read More

Crypto.com Announces Four Binance Launchpad Token Listings

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday it has listed four Binance Launchpad Tokens to its Wallet & Card App. The tokens are Matic Network’s MATIC, Celer Network’s CELR, Fetch.AI’s FET, and Harmony’s ONE. According to Crypto.com, the four tokens join a growing list… Read More

Blockchain based Lender Cred Partners with Crypto Exchange Binance

Binance, the world’s largest cryptocurrency exchange, has formed a partnership with crypto lending platform Cred. Binance is also an investor in Cred. Cred is backed by some large investors in the crypto sector including Binance Labs, 500 Startups, Arrington XRP Capital, Blocktower and FBG Capital…. Read More

“CZ Binance” Files Countersuit Against Sequoia Capital

Gavel Court Legal Trial Law rawpixel unsplash

Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

Binance CEO Apologizes for Suggesting “Re-Org” of Bitcoin in Wake of $44 Million Hack

Changpeng Zhao, CEO of Binance, one of the world’s largest cryptocurrency trading platforms, has issued a blog post stating the business is working hard to tighten security after hackers stole 7070 Bitcoins (worth ~$44 million USD) from an exchange hot wallet earlier this week. Zhao… Read More

Digital Challenger Bank Founders Bank Hires Former Senior Deutsche Bank Exec as CEO

The Founders Bank has appointed Kenan Altunis as Chief Executive Officer. Altunis was most recently Global Co-Head of the Institutional Client Group within Deutsche Bank’s Corporate and Investment Bank where he was responsible for a multibillion-dollar revenue operation and a team of over 1000 people…. Read More

Pundits Say Price of Bitcoin and Other Cryptos Artificially Maintained by Insiders and Whales

Cryptocurrency pundits on Twitter are claiming that Bitcoin markets are being manipulated and propped up by whales. In response to a comment from another pundit surprised that the price of Bitcoins didn’t drop substantially upon news of the $41 million USD hack this week on… Read More

Sacrilege: Binance CEO Suggests Miners Could Roll Back Bitcoin Chain to Recover Hacked $41 Million and Keep Proceeds as Bounty

Changpeng Zhao, CEO and founder of Binance, the world’s largest cryptocurrency exchange, stirred controversy this week when he suggested that colluding Bitcoin miners could “roll-back” Bitcoin’s data records and recover $41 million USD in bitcoins hacked from Binance this week. Zhao made the comments in… Read More

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